Korea Economic Daily

'Legend of Wall Street' Howard Marks "US Stock Market Has Risen Too Much... Could Plummet in the Short Term" Concerns Over S&P500 Overvaluation and AI Craze Higher Concentration of Few Companies Than During the Dot-com Bubble Legendary Wall Street in

A national research institute has diagnosed that the instability in domestic politics, exacerbated by recent martial law and the impeachment situation, is also shrinking the economy. Compared to the impeachment situation of former President Park Geun

When asked about excluding economic and military coercion, "Can't confirm" Mentions increasing NATO defense spending and renaming the Gulf of Mexico Image=AFP President-elect Donald Trump, who is set to be inaugurated on the 20th, stated that he does

Due to Internal and External Uncertainties and Stock Market Slump No Concerns About Delayed Listing Due to Stable BIS Ratio Internet-only bank K Bank has withdrawn its initial public offering (IPO). This is the second time K Bank's IPO has been cance

The major three indices of the New York Stock Exchange fell together. Disappointment in NVIDIA's new technology led to a sell-off centered on tech stocks, and indicators suggesting the robustness of the U.S. economy were released, shaking investor se

Resumption of Gold Purchases in December After a 6-Month Hiatus Goldman Sachs: "Gold Unlikely to Reach $3,000 This Year" The People's Bank of China temporarily halted gold purchases last year due to a surge in gold prices but resumed increasing its g

Steps down from position but continues as Fed Board Member "Unrelated to Jerome Powell's position" The U.S. Federal Reserve (Fed) announced on the 6th (local time) that Michael Barr, the Vice Chair for Supervision, will step down from his position. H

"Korea's 1.9% Growth is Difficult" Global IB Lowers Expectations to 1.3% Global investment banks (IB) have projected that Korea's economic growth rate could remain in the low 1% range. This suggests that achieving the 1% high-end growth rate proposed

The AI-themed rally continued on the New York Stock Exchange, with the Nasdaq Composite and Standard & Poor's 500 indexes rising. Notably, NVIDIA surpassed $149, setting a new all-time high. However, the Dow Jones Industrial Average closed slightly l

Vice President Harris Presides Over Meeting as Senate President On the 6th (local time), the US Congress officially certified the victory of President-elect Donald Trump. According to the political media outlet Politico, the certification process was

"Trump Aides Consider Tariffs Only on Items Important to Security" Considering Universal Tariff Program Rather Than Targeting Specific Countries Euro, Mexican Peso, Canadian Dollar Surge Over 1% The Washington Post reported on the 6th (local time) th

"Tariffs, Tax Cuts, Immigration Crackdown Have Less Inflation Impact Than Expected" "Congress Unlikely to Support Further Tax Cuts Due to Rising National Debt" Leading economists in the United States have stated that President-elect Trump's plans to

Key U.S. Labor Market Data to be Released This Week U.S. Treasury Yields Rise Back to 4.6% Chinese Yuan Hits Lowest in 16 Months On the 6th, stock markets around the world, including Asia and Europe, started with slight gains, but political uncertain

PIP Labs, Connecting AI Agents Namu Labs, Partnership with Thirdweb CrossAngle Forms Alliance with Hanseong University Blockchain startups founded by Koreans, both domestically and internationally, are recently expanding their businesses. They are en

Public Prosecution Office Briefing "Under current law, delegation of warrant execution to police is possible… Public Prosecution Office faces manpower limitations" The High-ranking Officials Crime Investigation Agency (Public Prosecution Office) emph

The won-dollar exchange rate is rising in the early session on the 6th due to the burden of yuan weakness. In the Seoul Foreign Exchange Market, the Korean won exchange rate against the US dollar is trading at 1,473.60 won as of 9:26 a.m., up 5.2 won

It has been reported that the Supreme Prosecutors' Office (SPO) has requested the police to take responsibility for executing the arrest warrant for President Yoon Suk-yeol. According to News1 on the 6th, the SPO sent an official document to the Nati

The Constitutional Court is gearing up for the formal hearing of President Yoon Suk-yeol's impeachment trial by holding a meeting of justices. According to the legal community, the Constitutional Court will hold a meeting of justices on the 6th. This

Despite the sharp rise in the won-dollar exchange rate following President Yoon Suk-yeol's declaration of martial law, our foreign exchange reserves have actually increased. It appears that instead of aggressive market intervention to defend the exch

This week (6th-10th), the New York Stock Exchange is anticipating the release of employment indicators such as the unemployment rate and job openings. Attention is focused on whether the slight rebound in the U.S. unemployment rate last November cont

Arrest Warrant Validity Expires in 6 Days The Public Official Corruption Investigation Unit is expected to attempt to arrest President Yoon Suk-yeol again as the validity of the arrest warrant expires in 6 days, and it is reported that they are consi

2025 American Economic Association Scholars Express "Deep Concerns Over Major Policies" Leading American economists have expressed concerns over the economic policies of President-elect Donald Trump, including increased fiscal spending, tariffs, and

President Yoon Suk-yeol's side announced that they are considering appealing to the Supreme Court after their objection to the execution of an arrest and search warrant was dismissed by the court. Yoon's attorney, Yoon Gap-geun, stated on the 5th, "T

The court dismissed President Yoon Suk-yeol's objection to the execution of the arrest and search warrant on the 5th. According to the legal community, on this day, Judge Ma Seong-young of the Seoul Western District Court dismissed President Yoon's o

Concerns Emerge at the American Economic Association on the 3rd Nobel Laureate David Card: "Trump Will Increase the Deficit" Expectations of More Chinese Companies Avoiding Tariffs via Vietnam Predictions of US Import Prices Rising, Impacting the Dom

The won-dollar exchange rate is soaring. Until the third quarter of last year, the won-dollar exchange rate was in the 1300 won range, but it surpassed 1400 won with the election of U.S. President Trump in November and surged to the 1470 won range du